expanding triangles

for the purpose of creating awareness among readers...i am just putting here views of a few technical experts,ABOUT,the expanding triangles implications (we are watching one in intraday charts of sensex),,,generely they are termed as revesal patterns..but..................................................................................................................................................


J. Murphy "reassures" traders in the following way. The "expanding formation" is a relatively rare model. As a rule, even if it arises, this happens on the threshold of the reversal of the principal ascending tendency at the market apex. It is similar to the expanding triangle. It contains three peaks ascending subsequently and two descending minimums. The expansion of the price fluctuations is accompanied by the gradual increase in the trading activity. This formation comes to an end at the intersection of the 2nd recession level. This crossing occurs when the market reaches the 3rd peak.
Elder’s description of the "expanding triangle" pattern is brief and unequivocal. The expanding (widening) triangle becomes formed when prices behavior makes a sequence of ascending maximums and descending minimums. This pattern indicates that the market is "getting the state of hysterical instability". "Bears" and "bulls" are panicking. Their combat is getting "too hot" for the ascending trend continuation. So to say, the expanding triangle "kills" the ascending trend.
The opinion of C. Luca on the expanding triangle patterns formation principally differs from that of A. Elder.
According to C. Luca, the expanding triangle pattern is a very rare model. It is the horizontal mirror reflection of the symmetrical triangle. In this case, the starting (initial) tendency, "sets against" the triangle apex – but not against its bottom. Developing according to the same mirror-scheme, the trading volume is steadily rising in the process of the pattern formation. There exist "bull" and "bear" varieties of expanding triangles.

here c.luca says...that expanding triangles can work as a continuous patterns too..
wait and watch..what happens in our markets.